US SEC Halts TON Launch Over $1.7B ICO — Highest-Level Action Yet?

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The SEC is suing Telegram over the $1.7 billion ICO, is it the mark a new wave of regulatory scrutiny on the U.S. market? Late friday, the United States Securities and Exchange Commission (SEC) announced that it is suing two offshore entities, Telegram and its wholly owned subsidiary, TON Issuer, for holding an unregistered token sale.According to the complaint filed in the federal district court in Manhattan on the same day, Telegram sold approximately 2.9 billion crypto tokens, called Grams (GRM) to 171 buyers for a total of $1.7 billion. Around a quarter of that sum, $424.5 million, allegedly belonged…
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US SEC Halts TON Launch Over .7B ICO — Highest-Level Action Yet?

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